Today in the markets
U.S. stocks rebounded to finished broadly higher Tuesday, as Dell’s planned leveraged buyout sparked talk of more such deals.
Canadian stocks hung onto a small advance, buoyed by positive euro-zone economic data and a positive reception to Blackberry’s new Z10 smartphone.
The S&P/TSX Composite was up 28.03 points to 12,745.65, while the TSX Venture Exchange edged down 1.23 points to close at 1,215.27.
Active stocks included personal computer maker Dell Inc. (NASDAQ: DELL, Stock Forum), which is bowing out of the stock market in a $24.4 billion buyout, sending the stock up 1.1% to close at $13.42.
In Canada, BlackBerry (TSX: T.BB, Stock Forum) rose 6.3% to $15.94 as Canadians finally had a chance to get their hands on the company’s new Z10 smartphone.
In other news, Canadian discount retailer Dollarama Inc. (TSX: T.DOL, Stock Forum) has entered into an eight-year agreement to help Central American chain Dollar City expand its network of stores and provide more products for sale. The stock eased 0.30% to $59.95.
For news about small stocks that made big moves in Tuesday’s trading, please read the
Stockhouse Canadian Small and Micro-cap Stock Report